WEBVTT - The Mark Moss Show Jan 17, 2022 0:00:00.240 --> 0:00:02.880 Hey, everyone, welcome to another episode of the Mark Mass 0:00:02.960 --> 0:00:06.080 Show where we are talking about, of course bitcoin, we're 0:00:06.120 --> 0:00:09.440 talking about the decentralized revolution that is happening. I'm with 0:00:09.480 --> 0:00:12.800 you each and every week at the same time on 0:00:12.880 --> 0:00:15.800 the same channel. So if you're not driving, if you're 0:00:15.800 --> 0:00:17.840 not driving, if you are, you can pull over. Why 0:00:17.840 --> 0:00:20.280 don't just grab your phone real quick, put a reminder 0:00:20.400 --> 0:00:22.279 on your calendar to join me each and every week 0:00:22.320 --> 0:00:25.000 at this time at this channel as I talk about 0:00:25.000 --> 0:00:28.160 bitcoin and what is happening in this decentralized revolution where 0:00:28.200 --> 0:00:32.680 this will be the most important, the most profitable part 0:00:32.680 --> 0:00:37.440 of your week. We're literally witnessing technological revolution. A technological 0:00:37.440 --> 0:00:39.600 revolution is different than just a new technology in a 0:00:39.640 --> 0:00:43.559 sense that it doesn't just improve things, It literally changes 0:00:43.760 --> 0:00:47.920 the course of humanity. Now, when these happened, it represents 0:00:48.159 --> 0:00:52.479 massive opportunities or what we call wealth transfers. Wealth transfers 0:00:52.479 --> 0:00:54.880 where it takes money from the old class of people 0:00:55.000 --> 0:00:57.320 and moves it to the new class of people. And 0:00:57.400 --> 0:01:00.200 this is our opportunity. Is a large wealth transfer we 0:01:00.240 --> 0:01:03.040 will ever see in our lifetime, or multiple lifetimes for 0:01:03.080 --> 0:01:06.360 that matter, And that is why it is so important 0:01:06.720 --> 0:01:09.760 for you to understand bitcoin. Now, I understand bitcoin is 0:01:09.760 --> 0:01:11.720 not easy. It's not easy, which is why you should 0:01:12.040 --> 0:01:14.240 again in tune into meat and every week. I mean, really, 0:01:14.280 --> 0:01:17.959 you have to understand six or eight different UM disciplines 0:01:18.280 --> 0:01:20.840 in order to really grasp it. I mean, I've been 0:01:20.840 --> 0:01:22.800 studying now for about seven years and I'm still trying 0:01:22.800 --> 0:01:24.960 to figure it out. And you have to understand things 0:01:24.959 --> 0:01:28.000 from economics and monetary history and philosophy and game theory, 0:01:28.520 --> 0:01:30.840 UM technology, all these different things. And so that's why 0:01:30.840 --> 0:01:32.640 it's important to kind of tune in each and every 0:01:32.680 --> 0:01:36.800 week and keep learning, keep growing your knowledge base. And 0:01:36.840 --> 0:01:38.520 so each and every week, I'm gonna hit you with 0:01:38.560 --> 0:01:40.920 a bunch of different topics to really build that out. 0:01:42.080 --> 0:01:45.480 And UM, I try to bring to you, you know, 0:01:45.720 --> 0:01:48.320 some teachings, some education and foundation. I want to bring 0:01:48.320 --> 0:01:51.360 to you the latest and break latest breaking news each 0:01:51.360 --> 0:01:53.520 and every week. UM, so you're up to date on 0:01:53.560 --> 0:01:55.200 what is happening in the force. I try to bring 0:01:55.200 --> 0:01:57.480 some of my friends, some of the brightest people in 0:01:57.520 --> 0:02:00.760 the space to really give you that perspective. So thanks 0:02:00.760 --> 0:02:02.720 for tuning in to the Markma Show where we're talking 0:02:02.760 --> 0:02:05.320 about bitcoin of course, and um, you know, for this week. 0:02:05.320 --> 0:02:08.280 I wanted to talk about something I was just this 0:02:08.360 --> 0:02:11.960 last weekend. I was in Houston, Texas, and I was 0:02:12.080 --> 0:02:14.920 speaking at a conference with UH. I got to share 0:02:14.960 --> 0:02:18.160 the stage with one of my we'll call them heroes, 0:02:18.480 --> 0:02:22.760 UM and that's a former Congressman, Dr Ron Paul. And 0:02:22.840 --> 0:02:25.880 Dr Ron Paul he created a movement and the movement 0:02:26.080 --> 0:02:27.679 was based off a book that he wrote in the 0:02:27.760 --> 0:02:30.800 year two thousand nine. And the book was titled In 0:02:31.520 --> 0:02:34.880 the Fed. In the Fed UH, and that's short for 0:02:34.960 --> 0:02:37.239 a Federal Reserve if you're wondering. It's a central bank 0:02:37.320 --> 0:02:39.760 of the United States. The Federal Reserve Bank of the 0:02:39.840 --> 0:02:43.399 United States is what creates all the money. They create 0:02:43.440 --> 0:02:46.320 the money supply. UM, they managed the interest rates, and 0:02:46.400 --> 0:02:52.320 through those things they manipulate, they manipulate the markets and 0:02:52.360 --> 0:02:55.120 so uh. You know, he he wrote this book in 0:02:55.120 --> 0:02:56.520 two thousand nine, and he was one of the first 0:02:56.520 --> 0:02:59.800 people that I know that really brought the attention of 0:02:59.840 --> 0:03:02.919 the world onto the Federal Reserve, to the central Bank 0:03:02.919 --> 0:03:06.240 of the United States. Now, the Federal Reserve was created 0:03:06.280 --> 0:03:10.680 in secrecy, UM, way way way way way back, and 0:03:10.880 --> 0:03:12.680 about a hundred years ago in the year and really 0:03:12.720 --> 0:03:15.000 really from like nineteen or seven to nineteen thirteen is 0:03:15.040 --> 0:03:17.320 really when it was kind of put into um a fact. Now, 0:03:17.360 --> 0:03:19.800 if you really want to know, which I would advise 0:03:19.840 --> 0:03:22.120 you to do. Uh, there was an amazing book written 0:03:22.240 --> 0:03:25.760 called The Creature from Jeko Island, and they really explain 0:03:25.840 --> 0:03:27.760 all this and basically the story about the bankers took 0:03:27.760 --> 0:03:30.079 over the world. Um, if that's what you really want 0:03:30.080 --> 0:03:32.760 to know, and and uh, it's important to understand these 0:03:32.760 --> 0:03:35.320 things because, like I said, to understand bitcoin, um, you 0:03:35.360 --> 0:03:37.360 have to understand a lot of different things, one of 0:03:37.360 --> 0:03:41.640 those things being monetary history. If you don't understand what 0:03:41.760 --> 0:03:46.120 money is, or where money came from, or how money developed, 0:03:46.160 --> 0:03:48.080 it's gonna be really hard for you to understand what 0:03:48.120 --> 0:03:51.320 bitcoin is. Of course, you still have to understand technology 0:03:51.360 --> 0:03:53.600 and all these other things. So it's it's a deep subject. 0:03:53.880 --> 0:03:55.600 But one of the things that I've really tried to 0:03:55.640 --> 0:03:59.080 focus on for the last however long I've been making content, 0:03:59.120 --> 0:04:01.040 which is a number rever views at this point. But 0:04:01.200 --> 0:04:02.760 one of the things that I try to focus on, 0:04:02.760 --> 0:04:04.960 and you'll notice when you tune into meat and every week, 0:04:05.520 --> 0:04:10.000 is that I try to focus on why why do 0:04:10.040 --> 0:04:11.520 we need bitcoin? A lot of people will tell you 0:04:11.600 --> 0:04:14.560 that bitcoin has no value. Um, there's no need for it, 0:04:14.600 --> 0:04:16.839 there's no use case for it, things like that, And 0:04:16.880 --> 0:04:19.400 so I try to focus on why why do we 0:04:19.440 --> 0:04:23.440 need bitcoin? Why is bitcoin important? Why will bitcoin change things? Etcetera, 0:04:24.000 --> 0:04:26.279 and so UM again, to really understand the impact of this, 0:04:26.320 --> 0:04:29.360 you have to understand what it's here to fix. Now, 0:04:29.400 --> 0:04:32.760 we say fix the money, fix the world. That's a 0:04:32.800 --> 0:04:35.240 big statement. I can talk to you every single week 0:04:35.279 --> 0:04:38.239 for for a long time covering, um, all those ways 0:04:38.240 --> 0:04:40.520 that fixing the money can fix the world. But then 0:04:40.600 --> 0:04:42.440 I guess to understand why fixing the money will fix 0:04:42.480 --> 0:04:45.440 the world, just understand why money is broken, and understand 0:04:45.480 --> 0:04:47.160 why money is broken. We have to go back to 0:04:47.200 --> 0:04:49.800 the Federal Reserve. UM. So anyway, like I said, Ron 0:04:49.839 --> 0:04:52.120 Paul speaking with him at the at the event this weekend, 0:04:52.520 --> 0:04:54.000 and um, he wrote that book in the FED and 0:04:54.040 --> 0:04:58.000 really brought a lot of attention to that, and UM, 0:04:58.040 --> 0:05:03.000 it's kind of created an entire generation of people like 0:05:03.200 --> 0:05:07.240 me that have become you know, empowered and want to 0:05:07.920 --> 0:05:11.800 really start pushing this message. And so UM shout out 0:05:11.800 --> 0:05:15.080 to Rompaul. Um he was He's a true living legend. 0:05:15.120 --> 0:05:18.000 He's gotten old. I think he's eighty six years old now, Um, 0:05:18.040 --> 0:05:19.640 but I can tell you that he got up on 0:05:19.800 --> 0:05:23.159 stage and he went off for about forty five minutes 0:05:24.360 --> 0:05:27.359 without skipping a beat. He didn't have charts, he didn't 0:05:27.360 --> 0:05:29.760 have graphs, he didn't have notes. He's an empower point presentation. 0:05:29.800 --> 0:05:33.159 He had nothing, and he literally just ran through his 0:05:33.200 --> 0:05:38.240 talk for forty five minutes. Um, eighty six years old, Um. 0:05:38.279 --> 0:05:42.760 In contrast of President Biden, who I believe is seventy 0:05:42.839 --> 0:05:45.480 nine years old and uh barely knows where he's at 0:05:45.480 --> 0:05:48.200 from time to time. Now, if you're just tune in and 0:05:48.160 --> 0:05:50.200 and listen to the Mark Moa show, we're talking about bitcoin. 0:05:50.480 --> 0:05:53.800 We're talking about the decentralized revolution that is happening, and 0:05:53.839 --> 0:05:58.520 we are talking about why why is bitcoin important? Why 0:05:58.560 --> 0:06:01.240 do we need bitcoin? Why in bitcoin fix things? Why 0:06:01.279 --> 0:06:02.960 does fixing the money fixed the world? And like I said, 0:06:02.960 --> 0:06:05.760 to understand that we have to understand the FED, the 0:06:05.800 --> 0:06:09.159 Federal Reserve, and so again, um, talking about Ron Paul 0:06:09.240 --> 0:06:11.520 really started this movement. But um, I went on to 0:06:11.560 --> 0:06:15.160 say that the doctor, the doctor diagnosed the problem. So 0:06:15.279 --> 0:06:17.680 doctor Ron Paul, he diagnosed the problem and the problem 0:06:17.720 --> 0:06:20.120 that we have with the central bank with fooser with 0:06:20.120 --> 0:06:24.400 with somebody anybody having a money printer, is that it 0:06:24.480 --> 0:06:27.640 leads to a number of bad things. So for example, 0:06:28.680 --> 0:06:30.240 some of the things that he warned us about, and 0:06:30.440 --> 0:06:32.440 our founding fathers warned us about, what I'll talk about 0:06:32.440 --> 0:06:36.159 a minute, um, was that the Federal Reserve or the 0:06:36.160 --> 0:06:39.719 central bank, the ability to print money unlimited amount of 0:06:39.720 --> 0:06:44.920 money arbitrarily, is that you get this these never ending wars. 0:06:45.120 --> 0:06:47.640 And so really the first central bank really got started 0:06:47.680 --> 0:06:49.479 in the Bank of England, which we'll go back and 0:06:49.520 --> 0:06:51.880 do it a little bit um in the late and 0:06:51.880 --> 0:06:55.200 it was created so that they could go to war. 0:06:55.279 --> 0:06:56.880 They needed more money, so they create a central bank 0:06:56.920 --> 0:06:59.840 to print money. Um. And when we have this unlimited 0:07:00.000 --> 0:07:04.719 suspansion of money, what happens is through Parkinson's law. Parkinson's 0:07:04.760 --> 0:07:09.080 law says that anything will swell to the um allocation 0:07:09.240 --> 0:07:12.680 allotted to it. So for example time management, if you 0:07:12.720 --> 0:07:15.400 have two weeks to get a paper done, it's gonna 0:07:15.440 --> 0:07:17.000 take it two weeks to get the paper done. If 0:07:17.000 --> 0:07:18.400 you have to get the paper done by tomorrow, you're 0:07:18.400 --> 0:07:20.880 gonna get the paper done by tomorrow. Um. If you 0:07:21.000 --> 0:07:22.880 have a tube of toothpaste, you might go through the 0:07:22.920 --> 0:07:25.080 tube of toothpaste in two weeks, but once you get 0:07:25.120 --> 0:07:27.040 down to the end, you could make that very last 0:07:27.040 --> 0:07:31.000 part last for two weeks um. And so also money 0:07:31.120 --> 0:07:33.280 is the same way. You might notice that as you 0:07:33.360 --> 0:07:36.680 make more money in life, you just spend more money. Well, 0:07:37.000 --> 0:07:38.360 you're not alone in that. As a matter of fact, 0:07:38.360 --> 0:07:40.040 the government does the same thing. And so when they 0:07:40.040 --> 0:07:42.840 have this endless amount of money and they continue to 0:07:42.880 --> 0:07:46.720 print money at will, we get a massive expansion of 0:07:46.800 --> 0:07:49.920 the government. Just like you personally, if you make more money, 0:07:49.960 --> 0:07:51.760 buy a bigger house, you buy more cars, you buy 0:07:51.800 --> 0:07:54.960 more stuff, you expand. Well, the government also does the 0:07:55.000 --> 0:07:59.000 same thing. The problem with that is that when you 0:07:59.040 --> 0:08:02.000 increase your ass it's you're increasing your private property, your 0:08:02.000 --> 0:08:06.880 life energy. When the government does it, they are opposed 0:08:07.080 --> 0:08:12.280 their exact opposite to yours and my freedom. And so 0:08:12.360 --> 0:08:14.320 basically you can look at it like a teeter totter, 0:08:14.400 --> 0:08:18.120 like a pendulum, and on one side you have the government, 0:08:19.120 --> 0:08:21.480 and on the other side you have your liberty or 0:08:21.520 --> 0:08:25.560 your freedom. And the bigger the government gets, the less 0:08:25.920 --> 0:08:29.680 liberty you have, and the more liberty you have, the 0:08:29.720 --> 0:08:34.280 smaller the government must get. Makes sense, the bigger they get. 0:08:34.280 --> 0:08:36.840 The more regulations, the more people, the more laws, and 0:08:36.840 --> 0:08:39.480 the more laws and regulations you have, the less freedom 0:08:39.520 --> 0:08:42.480 you have. When I turned eighteen and I was able 0:08:42.520 --> 0:08:45.160 to vote for the first time, my dad told me 0:08:45.200 --> 0:08:47.120 one thing that I'll never forget. And I say all 0:08:47.160 --> 0:08:49.920 the time I tell my kids, um for when they're 0:08:49.920 --> 0:08:52.520 ready to vote. But UM, the one thing he told 0:08:52.520 --> 0:08:54.520 me is that whenever you go to vote, always remember 0:08:54.520 --> 0:08:58.280 this one thing he said. He said, every law, no 0:08:58.320 --> 0:08:59.800 matter if you like it or not, whether it's good 0:08:59.880 --> 0:09:04.560 or uh, it means less freedom. And so that's what 0:09:04.600 --> 0:09:07.640 I mean. It's it's it's opposite of our freedom. So 0:09:07.640 --> 0:09:10.239 as the government's growth, it's done that. It's also UM 0:09:10.400 --> 0:09:13.360 lives against natural law. So natural law like sowing and 0:09:13.360 --> 0:09:17.640 reaping um, the government doesn't have to produce before it 0:09:17.640 --> 0:09:20.800 consumes UM and lots of other things. Um. You're listening 0:09:20.840 --> 0:09:22.839 to the Mark Moa show. We're talking about bitcoin. We're 0:09:22.840 --> 0:09:25.680 talking about the Decentralized Revolution, and today we're talking about 0:09:25.840 --> 0:09:28.160 Dr Ron Paul, the in the FED movement and how 0:09:28.200 --> 0:09:33.240 that leads to why bitcoin. I'm gonna explain some warnings 0:09:33.240 --> 0:09:35.280 from our founding fathers. In a second. Don't go away 0:09:35.360 --> 0:09:37.520 we are back. All right, welcome back. You are listening 0:09:37.559 --> 0:09:39.560 to the Mark ma Show, and we are talking about, 0:09:39.720 --> 0:09:43.080 of course bitcoin, Bitcoin. Each and every week we're trying 0:09:43.080 --> 0:09:45.880 to walk you through this decentralized revolution that is happening 0:09:46.000 --> 0:09:48.960 right now before your very eyes. That's a big subject. 0:09:49.000 --> 0:09:52.120 It's a deep subject, and it's um, it's it's rapidly changing, 0:09:52.240 --> 0:09:55.400 rapidly moving, and so to to really take advantage of it, 0:09:55.400 --> 0:09:58.720 in order to be positioned properly for this revolution that's happening, 0:09:58.800 --> 0:10:02.000 you need to understand it. And without the proper education, 0:10:02.080 --> 0:10:04.200 you just really can't take the appropriate actions. And so 0:10:04.200 --> 0:10:06.080 that's what I'm here for. Each and every week, I 0:10:06.120 --> 0:10:08.199 got your back. I'm gonna bring to you the latest 0:10:08.440 --> 0:10:12.160 breaking news, of course, the education, and then uh some amazing, 0:10:12.240 --> 0:10:16.439 some insightful, some entertaining guests as well. Today right now, specifically, 0:10:16.520 --> 0:10:19.120 I was talking about before the break, talking about on 0:10:19.160 --> 0:10:21.720 this last weekend, I was speaking at a conference in Houston, 0:10:22.440 --> 0:10:25.920 and I was getting to share the stage with doctor 0:10:26.040 --> 0:10:29.040 Ron Paul, former Congressman Dr Ron Paul, and he he 0:10:29.080 --> 0:10:31.079 started a movement called End the Fed back in two 0:10:31.120 --> 0:10:33.959 thousand nine, and I was saying, why why do we 0:10:34.000 --> 0:10:36.120 want to end the FED. Who is the FED? What 0:10:36.160 --> 0:10:38.640 does the FED do? Etcetera. And and Uh, while you 0:10:38.679 --> 0:10:40.600 may not at first understand what this has to do 0:10:40.600 --> 0:10:43.320 with bitcoin, you have to understand that bitcoin is attempting 0:10:43.360 --> 0:10:46.760 to fix the money. It's attempting to fix a broken system. Well, 0:10:47.080 --> 0:10:48.719 if you in order to understand that, you have to 0:10:48.800 --> 0:10:51.440 understand what the system is and what's broken about it. 0:10:51.720 --> 0:10:53.320 And that's what we're talking about today. Like I said, 0:10:53.400 --> 0:10:56.240 Ron Paul started that movement, and I'm here just trying 0:10:56.240 --> 0:10:59.160 to carry the torch for him. He's eighty six years old. Um, 0:10:59.160 --> 0:11:02.360 he's still still crazy sharp. I mean, like I said, 0:11:02.360 --> 0:11:03.800 he got up on stage and spoke four or five 0:11:03.800 --> 0:11:07.280 minutes about missing a beat. Um, but still we need 0:11:07.320 --> 0:11:09.440 to carry the torch. And and he's motivated me. He's 0:11:09.480 --> 0:11:12.280 motivated thousands of people like me, and hopefully I'm going 0:11:12.320 --> 0:11:14.320 to motivate thousands of people like me, and we're going 0:11:14.360 --> 0:11:17.319 to continue to expand this. Uh. One of my quotes 0:11:17.320 --> 0:11:20.560 that I love to say is, Um, Samuel Samuel Adams, 0:11:20.920 --> 0:11:23.800 not the beer, the one of the founding father, Sammy Adams. 0:11:23.800 --> 0:11:27.160 You said that all it takes is for a small 0:11:27.679 --> 0:11:32.800 tireless minority, so a small group of people, UM to 0:11:33.240 --> 0:11:36.800 continue to light small brush fires in the minds of men. 0:11:37.480 --> 0:11:38.920 So as what I'm trying to do Ron Paul did 0:11:38.960 --> 0:11:40.959 to me, I'm trying to do to you. Let's keep 0:11:41.000 --> 0:11:43.320 this thing going. But back to what the doctor diagnosed 0:11:43.360 --> 0:11:47.120 as the problem. Um, so the government. But the ability 0:11:47.200 --> 0:11:52.120 to print money allows the government to live against natural law. 0:11:52.200 --> 0:11:55.040 So instead of producing before they consume, they can just 0:11:55.160 --> 0:11:58.040 print a bunch of money and they can steal. They 0:11:58.160 --> 0:12:00.000 use that to steal, getting more in that a minute. 0:12:00.440 --> 0:12:04.000 And through all this endless money printing, UM, what they're 0:12:04.040 --> 0:12:07.200 really doing is depreciating the value of all the other currency. 0:12:07.320 --> 0:12:09.080 So all the money in your bank account and all 0:12:09.120 --> 0:12:10.839 the money you're gonna make next week and next year, 0:12:11.320 --> 0:12:14.240 they're stealing the purchasing power or the or the value 0:12:14.400 --> 0:12:17.440 right out of that. Now to understand this, UM, I 0:12:17.480 --> 0:12:19.560 always like to go back to the beginning. We'll go 0:12:19.559 --> 0:12:22.040 back to the future. If you watch my YouTube videos, UM, 0:12:22.240 --> 0:12:25.080 you'll know that I always try to pull this historical 0:12:25.160 --> 0:12:27.400 narrative in. And if you don't watch my YouTube videos 0:12:27.440 --> 0:12:30.319 then you should. You can just google Mark Moss you 0:12:30.360 --> 0:12:32.360 will find those. But if we go back to the beginning. 0:12:32.440 --> 0:12:34.400 We go back all the way to the founding of 0:12:34.440 --> 0:12:36.640 the United States, and then we'll go back even further 0:12:36.679 --> 0:12:39.680 in a second. But we were warned by our founding 0:12:39.800 --> 0:12:44.280 fathers many many times about the dangers of having a 0:12:44.360 --> 0:12:47.280 central bank, the dangers of what the banks would do, um, 0:12:47.440 --> 0:12:50.200 and and even more importantly, how it was going to 0:12:50.480 --> 0:12:53.320 affect us. And so I'll read you a quote here 0:12:53.320 --> 0:12:55.160 that I love that I used at this talk, and 0:12:55.160 --> 0:12:57.440 it's from Thomas Jefferson. Thomas Jefferson and a lot of 0:12:57.440 --> 0:12:59.520 great things to say, or I should say, bad things 0:12:59.559 --> 0:13:01.560 to say about at the bank. Um. He wasn't a 0:13:01.559 --> 0:13:03.679 big fan of the banks. And he said, quote, if 0:13:03.720 --> 0:13:08.559 the American people ever allow private banks to control the 0:13:08.640 --> 0:13:13.520 issue of their currency, if they ever allow banks to 0:13:13.679 --> 0:13:19.640 control the issue of their currency first by inflation and 0:13:19.720 --> 0:13:23.440 then by deflation, So how do they control it? Well, 0:13:23.480 --> 0:13:25.679 what do they control? They control the currency? Who controls it? 0:13:25.760 --> 0:13:28.400 The banks? So who controls the banks? What do they 0:13:28.400 --> 0:13:31.439 control the currency? How do they control it? By inflation 0:13:31.720 --> 0:13:34.520 and then deflation? Now, unless you're living under a rock 0:13:34.640 --> 0:13:38.400 right now, all you're hearing about on the news is inflation. 0:13:38.800 --> 0:13:40.640 As a matter of fact, I believe it was yesterday 0:13:40.720 --> 0:13:44.120 day before. Anyway, this week the new cp I, that's 0:13:44.120 --> 0:13:46.840 the consumer Price Index. That's how the government measures inflation, 0:13:46.960 --> 0:13:48.640 which is wrong. I'm gonna get to in a second, 0:13:49.200 --> 0:13:50.720 but that's how they use They give us this this 0:13:50.760 --> 0:13:54.160 single number, which is stupid. But anyway, to the point, Um, 0:13:54.360 --> 0:13:58.600 they projected or they forecast or I said, sorry, not forecasted. 0:13:58.640 --> 0:14:01.240 They told us that. Then the official number came in 0:14:01.240 --> 0:14:05.080 at seven seven percent inflation. So that's the record. I 0:14:05.080 --> 0:14:08.280 believe it's a four decade old record. Um, we haven't 0:14:08.280 --> 0:14:10.800 seen prices get that high. Now. To tell you what 0:14:10.880 --> 0:14:13.520 that means in reality, that means that the price that 0:14:13.600 --> 0:14:17.080 the prices they track, which are wrong, but the prices 0:14:17.080 --> 0:14:20.600 they track went up by seven percent. Um, what that 0:14:20.640 --> 0:14:23.960 really means is that you're purchasing power went down by 0:14:24.080 --> 0:14:26.880 seven percent. So that means your your hundred dollars now 0:14:26.920 --> 0:14:30.520 only buys dollars worth of goods and services. To put 0:14:30.520 --> 0:14:33.200 that into perspective for you, if we ran that out 0:14:33.280 --> 0:14:38.600 over three years, you've lost twenty one percent of your 0:14:38.640 --> 0:14:41.440 purchasing power. So now your thousand dollars only buys you 0:14:41.960 --> 0:14:44.080 or you're you know whatever. Hundred dollars only buys you 0:14:44.640 --> 0:14:49.600 um and not a calculator, but you get less um. 0:14:49.680 --> 0:14:52.200 So anyway, the American people allow private banks to control 0:14:52.200 --> 0:14:56.120 the issue of their currency, first by inflation and then deflation. 0:14:56.160 --> 0:14:58.920 That's the key piece, a right inflation deflation, it says. 0:14:58.960 --> 0:15:02.160 Then the banks in corporations that will grow up around 0:15:02.240 --> 0:15:05.240 these banks. So the other banks and the corporations that 0:15:06.240 --> 0:15:11.160 are around these banks, here's the keypiece, will deprive the 0:15:11.240 --> 0:15:17.280 people of all property until their children wake up homeless 0:15:17.840 --> 0:15:20.800 on the continent their fathers conquered end quote. So as 0:15:20.840 --> 0:15:23.440 that's Thomas Jefferson. He warned us the banks would control 0:15:23.480 --> 0:15:25.880 the currency by inflation deflation, and they would deprive us 0:15:25.920 --> 0:15:29.560 of all property on the continent our father's conquered. So 0:15:30.120 --> 0:15:34.120 let me tell you how the Federal Reserve uses inflation 0:15:34.160 --> 0:15:37.040 and deflation in order to do that, exactly what Thomas 0:15:37.120 --> 0:15:39.680 Jefferson warned us of doing. Um. And so, like I said, 0:15:39.680 --> 0:15:41.880 you hear about this inflation deflation, but you probably don't 0:15:41.960 --> 0:15:45.360 understand it. And so let me explain that to you. Now, 0:15:45.400 --> 0:15:48.280 like I said, if we go back to the beginning, Um, 0:15:48.360 --> 0:15:51.400 the first central bank really that was created was the 0:15:51.400 --> 0:15:54.120 Bank of England and that was in sixteen forty nine. 0:15:54.640 --> 0:15:56.600 And again at the at the time, the Bank of 0:15:56.640 --> 0:15:59.560 England was at war there at war with France, and 0:15:59.600 --> 0:16:03.160 they it didn't have enough money. Imagine that. So typically 0:16:03.200 --> 0:16:06.040 wars would end. Wars would end when people ran out 0:16:06.040 --> 0:16:08.920 of money and a nation would actually really think about 0:16:08.960 --> 0:16:10.560 going to war first because they didn't know if they 0:16:10.560 --> 0:16:11.800 had the money, and so they have to go Do 0:16:11.840 --> 0:16:13.560 I have enough money to go to war? And is 0:16:13.600 --> 0:16:17.280 it worth me spending all my money to go to war? 0:16:17.640 --> 0:16:20.160 Of course the answer is usually no, which is why 0:16:20.200 --> 0:16:21.960 we didn't have a lot of war. And if it 0:16:22.000 --> 0:16:23.160 was going to go to war, it was only a 0:16:23.240 --> 0:16:24.920 very serious thing. And then, like I said, wars would 0:16:24.920 --> 0:16:27.800 typically end pretty quickly. But basically the banking thing, they 0:16:27.800 --> 0:16:29.080 want to go to war with France. They didn't have 0:16:29.160 --> 0:16:31.400 enough money. So the bankers at the time, the countries 0:16:31.440 --> 0:16:34.440 would always borrow money from the bankers, and they had 0:16:34.440 --> 0:16:36.680 borrow money from these rich people, and they went to 0:16:36.680 --> 0:16:38.320 these bankers and said, hey, we need to borrow money. 0:16:38.360 --> 0:16:40.200 We want to go to war. And the bankers came 0:16:40.240 --> 0:16:41.840 up with a plan and they said, hey, check it out. 0:16:41.880 --> 0:16:44.640 We have an idea. Um here's what we'll do. We're 0:16:44.680 --> 0:16:47.720 going to loan you as much money as you want 0:16:47.760 --> 0:16:50.760 to go to war. But of course there's a butt. 0:16:51.080 --> 0:16:54.160 But what we need is we're going to establish a bank, 0:16:54.720 --> 0:16:58.200 and in that bank, we're going to create our own currency. 0:16:58.320 --> 0:17:01.520 And if you make that legal for us to do that, 0:17:01.680 --> 0:17:05.360 and you tell all the people of England that our 0:17:05.520 --> 0:17:08.720 currency is the new currency to be used, if you 0:17:08.840 --> 0:17:12.000 do that, then we're going to go ahead and give 0:17:12.040 --> 0:17:14.200 you as much of that new currency as you want 0:17:14.200 --> 0:17:18.200 so you can go fight these wars. Pretty crazy, right, 0:17:18.720 --> 0:17:21.040 I mean, shoot, who wouldn't want to do that? So, um, 0:17:21.080 --> 0:17:22.480 if you tell everybody you've got to use my fake 0:17:22.520 --> 0:17:24.120 money that I print out of thin air, then I'll 0:17:24.119 --> 0:17:26.000 give you as much of it as you want. And 0:17:26.040 --> 0:17:28.760 that's the deal that was made. Um. Then they try 0:17:28.800 --> 0:17:32.040 to get their tentacles into the United States. We had 0:17:32.080 --> 0:17:33.520 the first and second Bank of the U s from 0:17:33.560 --> 0:17:36.920 s thirty six. We went to this period of free 0:17:36.920 --> 0:17:39.680 banking from eighteen thirty seven to eighteen sixty three, which 0:17:39.720 --> 0:17:43.040 was kind of free markets. We saw the central bank 0:17:43.080 --> 0:17:45.280 come back in eighteen sixty three to nineteen o seven, 0:17:45.520 --> 0:17:50.800 and that's where things got off. The rails. That's where 0:17:50.800 --> 0:17:52.760 things that's where the money really broke. Now you listen 0:17:52.840 --> 0:17:54.760 to the markmas Show, we're talking about bitcoin, we're talking 0:17:54.760 --> 0:17:58.960 about the decentralized revolution. We're specifically talking about bitcoin fixing 0:17:58.960 --> 0:18:01.919 the money. But why the money broken? It's because of 0:18:01.960 --> 0:18:04.600 the FED, the central bank. Ron Paul started the movement 0:18:04.640 --> 0:18:07.720 and the Fed. And I am letting you know why 0:18:08.000 --> 0:18:10.080 the Fed has broken the money. I'll be right back. 0:18:10.200 --> 0:18:12.880 Don't go away. I'm gonna explain to inflation and deflation 0:18:12.920 --> 0:18:15.520 next we're back. All right, welcome back. You are listening 0:18:15.520 --> 0:18:18.080 to the Mark Moa Show, and we're talking about bitcoin. 0:18:19.080 --> 0:18:20.840 Each and every week we're talking about bick when we're 0:18:20.840 --> 0:18:24.879 talking about the decentralized revolution. And today, at this moment, 0:18:24.960 --> 0:18:28.480 right now, I'm explaining to you why why bitcoin? Why 0:18:28.520 --> 0:18:30.680 does it matter? Why do we need to fix the money? Well, 0:18:30.680 --> 0:18:32.320 what's wrong with the money in the first place? Who 0:18:32.359 --> 0:18:34.880 broke the money? And it all boils down to the 0:18:34.920 --> 0:18:37.560 FED and so or the central banks, so we'll call 0:18:37.600 --> 0:18:39.960 it them. And so anyway, um I was explaining that 0:18:40.040 --> 0:18:42.200 I was speaking at a conference with Ron Paul, and 0:18:42.359 --> 0:18:45.000 um I read to you a quote from Thomas Jefferson 0:18:45.000 --> 0:18:46.479 one of the founding fathers, and he said that if 0:18:46.480 --> 0:18:49.399 the American people ever allow private banks to control the 0:18:49.440 --> 0:18:54.320 issue of their currency first by inflation and then deflation, um, 0:18:54.400 --> 0:18:56.640 then they'll the pride people of all property. So how 0:18:56.640 --> 0:18:58.680 do they use inflation and deflation? Well, the first thing 0:18:58.720 --> 0:19:01.520 is that understanding inflation is very difficult subject. And so 0:19:01.560 --> 0:19:03.880 what happens is, um, the Fed puts out this number, 0:19:03.920 --> 0:19:07.120 the c p I Consumer Price Index, or we can 0:19:07.119 --> 0:19:10.560 call it cp LIE because they're basically lying about the numbers. 0:19:10.680 --> 0:19:12.760 But the problem is that they're trying to boil down 0:19:12.840 --> 0:19:16.520 inflation into a single number, and you can't do that. UM. 0:19:16.560 --> 0:19:19.320 So if I was trying to measure the wind drag 0:19:19.440 --> 0:19:22.320 across the jet plane, I can't do that with arithmetic. 0:19:22.440 --> 0:19:24.600 Nor can I boil that down to one number. No, 0:19:24.800 --> 0:19:28.439 it requires algebra, cures, physics, all these different things to 0:19:28.440 --> 0:19:32.240 do that. And to measure the inflation in the economy 0:19:32.600 --> 0:19:37.119 is also equally or probably way more difficult. There's trillions 0:19:37.160 --> 0:19:40.439 of inputs, there's billions of people that make into this, 0:19:40.600 --> 0:19:43.639 make up this, and it affects us all differently. So 0:19:43.720 --> 0:19:46.040 if I drove to Alaska and look at the northern 0:19:46.119 --> 0:19:48.680